Jump Trading

From CryptoWiki


  • Got in the news (26-2-2023) when Oasis, the front end of MakerDAO, used its admin keys and "not only back doored the hackers wallets but they snatched a few million dollars more than what was actually stolen".


Certus One

Jump Crypto

  • Jump Crypto is pulling back from the US market due to regulatory reasons (9-5-2023).

KYC Subnet

"The single most salient development here came with Ava Labs’ announcement that it will collaborate with Aave, GoldenTree Asset Management, Wintermute, Jump Crypto, Valkyrie, and Securitize to build a permissioned subnet with native KYC functionality.

Solana Client

  • Jump Crypto announced (17-8-2022) it will build a new, open-source validator client for Solana, independent from the one built by Solana Labs. This ambitious plan is called Firedancer and is set to take up to 24 months to complete. The new validator will be built using the C++ programming language and will be overseen by Kevin Bowers, Jump Trading’s Chief Science Officer. This is in contrast to the original Solana client that’s written in Rust.


Jump Trading and Wormhole have “parted ways,” as per a Bloomberg article (19-11-2023) quoting “people with knowledge of the matter.” The account further reveals that former Jump executives Saeed Badreg and Anthony Ramirez have allegedly departed to manage Wormhole independently.


"Total Balance$3.8bn • $3.25bn $ETH • $328m $SHIB • 81m $MATIC • $50m $USDC • 50m $wBTC • $20m $LINK • $14m $COMP Smaller positions ($1m-$10m) include: $HFT, $AVAX, $SNX, $CHZ, $MASK, $AAVE, $LDO. Note: These are only EVM wallets. I'm sure there are several wallets out there containing a bunch of $SOL and wETH on Solana amongst other things."

"They used at least three addresses on Ethereum and spent $682.5M+ in various stablecoins. Basically, they were adding one-side liquidity in USDC since the Curve DAI/USDC/USDT pool was already imbalanced. Jump spent the minted LP tokens on the withdrawal of UST from the pool. Thus, they removed 593M UST from the pool, which should also positively affect the peg. However, even though there was 1.2B liquidity in the pool, UST's price quickly began to decrease.

Interestingly, Jump practically did not transfer UST to Terra for arbitrage until 10 pm on May 9. Then they transferred 588.6M and started swapping 745.6M UST for LUNA only on May 11. Of course, they did arbitrage before this day, but not on a large scale. At the same time, Jump performed Anchor liquidations and received at least 1.6M bLUNA. On May 12, Jump finished native swaps on Terra turning 640M UST into 221M LUNA. Received coins were delegated to 5 validators. They control 36% of the total staked LUNA."

Team, Partners

  • Mentioned as a partner on the BitDAO website (8-3-2022).
  • Two of its employees started Monad (2-2024).